English Course: Business in Germany - Chapter 1

<p>Low labor costs (B)</p> Signup and view all the answers

<p>A final exam lasting 60 minutes (A)</p> Signup and view all the answers

<p>75 hours (A)</p> Signup and view all the answers

<p>Tuesday, 14:15 – 15:45 (D)</p> Signup and view all the answers

<p>The student must have passed all prerequisite modules for the module. (B)</p> Signup and view all the answers

<p>Aerospace (E)</p> Signup and view all the answers

<p>To evaluate the student's ability to apply the knowledge and skills gained during the module. (C)</p> Signup and view all the answers

<p>The third working day before the exam date. (D)</p> Signup and view all the answers

<p>It contributes to the student's overall grade for the Bachelor's degree. (A)</p> Signup and view all the answers

<p>The student is unable to demonstrate understanding of the module's content. (A)</p> Signup and view all the answers

<p>To oversee the activities of the management board (B)</p> Signup and view all the answers

<p>The general meeting (A)</p> Signup and view all the answers

<p>An international legal entity governed by European community law (C)</p> Signup and view all the answers

<p>The ability to operate in the European Economic Area under a single set of rules (D)</p> Signup and view all the answers

<p>Managing the company's day-to-day operations (D)</p> Signup and view all the answers

<p>The management board is responsible for day-to-day operations, while the supervisory board oversees them. (A)</p> Signup and view all the answers

<p>To be responsible for specific company resorts and provide overall leadership (A)</p> Signup and view all the answers

<p>The general meeting (B)</p> Signup and view all the answers

<p>Equity financing, where the owner invests their own money (C)</p> Signup and view all the answers

<p>The owner is responsible for paying all the firm's debts, even if it means using personal assets (C)</p> Signup and view all the answers

<p>Sole proprietorships account for a small percentage of sales, but they are the most common company type (A)</p> Signup and view all the answers

<p>It is subject to a lot of regulations (B)</p> Signup and view all the answers

<p>Debt financing involves borrowing money, while equity financing involves selling ownership stakes (A)</p> Signup and view all the answers

<p>25,000 euros (C)</p> Signup and view all the answers

<p>The owner bears all the costs and profits of the business (D)</p> Signup and view all the answers

<p>They are relatively easy and inexpensive to establish (D)</p> Signup and view all the answers

<p>1 euro (D)</p> Signup and view all the answers

<p>UG (haftungsbeschränkt) (C)</p> Signup and view all the answers

<p>The sole proprietorship's income is incorporated into the owner's personal income for tax purposes (C)</p> Signup and view all the answers

<p>They are liable only up to the amount of their investment in the company. (D)</p> Signup and view all the answers

<p>A 'GmbH' has a higher minimum share capital requirement than a 'UG'. (A)</p> Signup and view all the answers

<p>Limited liability (D)</p> Signup and view all the answers

<p>The creditors are forced to absorb the loss. (B)</p> Signup and view all the answers

<p>To enable entrepreneurs with limited capital to start a company with limited liability. (D)</p> Signup and view all the answers

<p>The legal framework for establishing a limited liability company, labor and tax laws, commercial, antitrust and IP laws, and access to capital markets and relevant banking and finance laws. (A)</p> Signup and view all the answers

<p>It can be credited towards a practical experience in a business administration (BWL) program or the business economics (VWL) program. (C)</p> Signup and view all the answers

<p>The internship must have been completed in a field that is relevant to the student's degree program. (C)</p> Signup and view all the answers

<p>It refers to the calculation of the overall grade for the bachelor's degree examination. (D)</p> Signup and view all the answers

<p>ECTS credits can be granted for partial modules if the student demonstrates a justified interest and applies for it. (A)</p> Signup and view all the answers

<p>Students must have a general university entrance qualification and must have been admitted to the program. (D)</p> Signup and view all the answers

<p>Business Administration (BWL), Business Economics (VWL) and Accounting. (C)</p> Signup and view all the answers

<p>They are assessed by final examinations. (C)</p> Signup and view all the answers

Germany is the world's fourth largest economy and a leading economic driver in Europe.

Germany's industry specializes in engineering, particularly automobiles, machinery, metals, pharmaceuticals, and chemicals.

Germany has an excellent logistical infrastructure that supports business operations.

Germany is known for its educated and skilled workforce, which is vital for various industries.

Germany maintains a stable economy, reducing risks for businesses.

Doing Business in Germany is the course focused on the legal and taxation system in Germany.

The course includes a final exam lasting 60 minutes, assessing students' knowledge.

The estimated workload for this course is 75 hours, suggesting time commitment required.

A business structure that limits owners' personal liability for debts.

Laws regulating employee rights, working conditions, and employment contracts.

The system of taxes applicable to businesses and individuals in Germany.

Laws governing commercial transactions and business practices.

Regulations aimed at preventing monopolistic practices and promoting competition.

Laws that protect inventions, designs, and brands from unauthorized use.

The ability for companies to raise funds through public or private investments.

Regulations governing financial institutions and transactions in Germany.

A student can withdraw from an exam module until the third business day before the exam date.

Admission to a module exam can only be denied if the specified requirements are not met.

A passing grade from a module exam is recorded and is essential for calculating the overall bachelor's degree grade.

Students should demonstrate their ability to independently apply acquired skills and knowledge.

The results from individual module exams are the foundation for the overall bachelor’s degree assessment.

Sources of finance classified as debt or equity.

Borrowing money to be repaid with interest; risk of bankruptcy if unpaid.

Funding from owners that has no repayment obligation; residual claim.

Unincorporated business owned by one individual, personally liable for debts.

Easily formed, few regulations, all profits kept by the owner.

Income taxed as personal income; no separate business tax.

Term used in the UK for a sole proprietorship.

Owner is personally liable for all business debts and obligations.

The least amount of capital required to form a limited liability company, set at €25,000.

The stated value of each share that must be a full euro amount.

A state where a company cannot meet its financial obligations.

A type of limited liability company with a lower minimum share capital.

The extent to which shareholders are responsible for company debts.

The process of selling assets to pay off debts.

Regulation outlining share capital requirements for GmbHs in Germany.

A group of individuals responsible for managing company operations and led by a chairman.

A body responsible for appointing/removing the management board and overseeing its activities, not involved in daily operations.

A meeting where shareholders appoint supervisory board members and make decisions on significant matters.

Individuals or entities that own shares in a company and have the right to vote at general meetings.

A European legal entity allowing companies to operate across member states under a single set of rules.

Business activities that span across various countries within the European Economic Area.

The supervisory board’s role in approving significant transactions and changes in management.

A voting requirement that demands at least 75% of votes to pass certain decisions in the general meeting.